Which company revealed several upcoming reasonably priced EVs?
For EV shoppers, why is leasing a more popular vs. buying than it was last 12 months?
That is our look back on the Week In Reverse—right here at Green Automobile Reports—for the week ending October 13, 2023.
Kia has provided full pricing details for the upcoming 2024 EV9 three-row electric SUV. While the EV9 Light with an expected 225-mile range starts at $56,495, the 300-mile Light Long Range starts at $60,695 and the top-trim GT-Line model goes for $75,395. Which means all the versions will slot under the $80,000 ceiling of the U.S. EV tax credit, qualifying for a few of it once U.S. EV9 production ramps up in 2024. And further, EPA driving range numbers for the 2024 Kia EV9 span as much as 304 miles, the automaker confirmed later within the week. That’s particularly impressive, because it makes the EV9 the one non-Tesla three-row electric SUV to attain 300 miles on lower than 100 kwh.
2024 Kia EV9
As a part of its first EV Day, Kia also this week showed a set of reasonably priced EVs set to be priced at $35,000 to $50,000. Together with the EV3 and EV4 compact-car concepts, it also rolled out more specs and details for the recently revealed EV5 electric SUV. But none of those models, as of yet, could possibly be confirmed as U.S.-bound.
Because the bestselling automotive of all time, the Toyota Corolla still has the market cornered. In a review of the Toyota Corolla Hybrid, we sampled what this models offers today and located it to be a delightfully capable miser—with all-wheel drive and so much greater than you may expect for $30,000.
2023 Toyota Corolla Hybrid SE
The battery pack in Rivian R1S and R1T Max pack electric trucks is smaller than originally planned—and that’s a great thing. Rivian recently disclosed that this pack includes recent cells with a better energy density, allowing the R1S to go 400 miles while retaining its same third-row seating layout and getting more efficiency out of the entire package.
The Inflation Reduction Act (IRA) was enacted in August 2022, and plainly the vehicle market, auto industry, and every little thing related to plugging in are collectively still coming to terms with its far-reaching effects. A brand new evaluation by S&P Global Mobility suggests that the IRA could greater than double U.S. EV sales versus previous projections from the firm—to greater than 4.6 million EVs annually by the top of the last decade.
That was just certainly one of several pieces of reports about this law and its widespread effects. IRA introduced more restrictions on the EV tax credit, emphasizing American-made and American-sourced, in addition to price and income caps. But it surely also opened up a possible floodgate of federally subsidized EV leases with the “leasing loophole” written into the Industrial Clean Vehicle Credit. Has the “leasing loophole” driven more EV shoppers to lease vs. buy? Even though it’s early and automakers across the board declined comment, the info is already suggesting: Definitely yes. And individually, the EV tax credit is shifting to an EV rebate on the dealership starting in 2024, and on Friday the U.S. Treasury Department and IRS released guidance on how buyers will find a way to assert it and the way soon retailers will get the cash from the federal government.
Nissan Hyper Adventure concept
Intended to be shown alongside the Nissan Hyper Urban EV concept on the upcoming Tokyo auto show, the Nissan Hyper Adventure EV concept could preview a future off-road-savvy electric SUV that also makes a robust design statement. It boasts a version of Nissan’s e-4orce all-wheel drive system, together with thoughtful functions including a swiveling rear seat. And with V2X and V2G tech, it will probably power campsites or back up the house.
Lexus provided a teaser of multiple electric-vehicle concepts as a consequence of bow on the upcoming Tokyo auto show. They’re a part of the Toyota luxury brand’s transformation right into a battery EV brand by 2035, it says.
Toyota teased a Baby Lunar Cruiser EV concept that meshes classic Land Cruiser cues with influences from the Lunar Cruiser being developed for an actual moon mission. Will points of this idea make it into an actual electric SUV?
Toyota Baby Lunar Cruiser concept
Toyota can be waiting for production of solid-state EV batteries with a partnership with the Japanese oil company Idemitsu. The 2 firms will study “full-scale mass production and commercialization” of the fast-charging cells that Toyota has said are coming by 2027 or 2028.
A software issue could end in the lack of drive power in some 2023 Nissan Ariya models, and that’s led to a recall of nearly every Ariya delivered within the U.S. thus far. Although the Ariya is able to full over-the-air updates, that is one which requires a visit back to the dealership.
Aptera Sol alpha prototype
California’s Aptera has given an in depth update about its solar EV, because it moves through final validation stages and toward production—with especially time-consuming points just like the carbon-fiber body shell “accomplished and commissioned.” But the corporate didn’t provide a firm timeline for first deliveries.
And Tesla’s share of the U.S. EV market is all the way down to 50% for the primary time in years, in accordance with recent data through the third quarter released this week by Cox Automotive. In comparison with last 12 months at the identical time average U.S. Tesla prices are down 25%.
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This Article First Appeared At www.greencarreports.com
